Research and Recommendations for the Serious Fund InvestorMorningstar FundInvestor doesn’t just look for funds with competitive advantages—it
looks for funds that stay competitive. We research. We test. We
scrutinize everything from the strategies and management, to stewardship, trading
costs, and long-term performance. Then we share all of our findings with you.

If you’re serious about finding the right collection of funds for your portfolio,
let Morningstar’s depth, experience, and unbiased recommendations pave the way to
your financial success.

Monthly Issues
Drawing on Morningstar's staff of more than 25 mutual fund analysts and 100 equity
analysts, each monthly issue of FundInvestor includes:

- FundInvestor 500: We narrow down the more than 7,000 funds available to bring
you unvarnished recommendations and monthly performance data on the top 500 funds
that should be on your radar. Plus, get 24/7 access to each fund's full-page, year-end
Analyst Report via our companion Web site, mfi.morningstar.com. These are the same
single-page reports that have appeared in our Funds 500 annual guide--a $42.95 value--FREE
with your subscription.

- Fund Analyst Ratings: Our analysts produce a qualitative rating on a fund's long-term
prospects so that you'll know just where we stand. Of the more than 7,000 funds
out there, fewer than 150 have received our top, Gold, rating. We'll also let you
know which funds don't impress us with Negative or Neutral ratings.

- The Contrarian: A monthly feature that goes against conventional wisdom to help
you uncover hidden gems.

Our Strategy in Action
We seek to pick winning funds with superior management and quantitative characteristics
linked to strong performance. Our quantitative research uses the most comprehensive
mutual fund database in the world to determine the best strategies for long-term
investing success. We then supplement those studies with extensive qualitative research
of portfolio managers, analysts, and traders through onsite visits and follow-up
phone calls.

Free Bonus Reports
The Morningstar Guide to Mutual Fund Investing
This guide explains the importance of tuning out the noise and focusing on the drivers of fund performance such as strategy, expenses and management in order to enjoy superior returns.

Best Funds for 2017
Heading into 2017, Russ shares his ideas for the best funds to buy for the long haul given the lay of the land at the beginning of the year.

FundInvestor Online
Access to Morningstar FundInvestor's companion Web site, where you can download
the current issue before it arrives in your mailbox, and keep tabs on fund returns
and fund news.

E-mail alertsStay abreast of the changes that Editor, Russel Kinnel makes to the FundInvestor
500 and his take on important industry events.

And much more, including timely articles that speak to what's on investors' minds
right now. From discussions of fund companies and advice for weathering a tough
economy, we cover it all.

The Morningstar Guarantee If you are unhappy with our newsletter
for any reason, cancel within 30 days of the start date by calling toll free, 1-866-910-1145
for a full refund. After that, you may cancel at any time, and we will refund the
remaining months left on your subscription. Your satisfaction is our priority.

This graph shows how our diversified domestic stock fund picks fared versus the
Wilshire 5000 and the S&P 500 over the trailing 5 years. Return figures are annualized.
Our picks are fundamental-driven selections of funds that we expect to produce superior
long-term risk-adjusted performance. Only the cream of the crop makes our list.

Russel Kinnel is director of manager research for Morningstar, Inc. and editor
of Morningstar FundInvestor, a monthly print newsletter for individual
investors. He also writes the Fund Spy column for Morningstar.com, the company's
investment Web site.

Since joining the company in 1994, Kinnel has covered the Fidelity, Janus, T. Rowe
Price, and Vanguard mutual fund families. He helped develop the new Morningstar
Rating for funds and the new Morningstar Style Box methodology. He also is co-author
of the company's first book, The Morningstar Guide to Mutual Funds: 5-Star Strategies
for Success, which was published in January 2003.